Barclays PLC Reiterates Overweight Rating for Glencore PLC (GLEN)

Barclays PLC restated their overweight rating on shares of Glencore PLC (LON:GLEN) in a research report sent to investors on Friday, July 14th. They currently have a GBX 400 ($5.28) price target on the natural resources company’s stock.

Other equities analysts have also issued research reports about the stock. Jefferies Group LLC reiterated a buy rating and issued a GBX 380 ($5.01) target price on shares of Glencore PLC in a research report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) restated a buy rating and set a GBX 365 ($4.81) price objective (down previously from GBX 390 ($5.14)) on shares of Glencore PLC in a research report on Tuesday, April 25th. Shore Capital restated a buy rating on shares of Glencore PLC in a research report on Tuesday, May 23rd. UBS AG set a GBX 390 ($5.14) price objective on shares of Glencore PLC and gave the company a buy rating in a research report on Monday, June 12th. Finally, HSBC Holdings plc restated a buy rating and set a GBX 390 ($5.14) price objective on shares of Glencore PLC in a research report on Tuesday, June 13th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 342.21 ($4.51).

Glencore PLC (LON:GLEN) opened at 337.80 on Friday. The firm’s market cap is GBX 48.14 billion. Glencore PLC has a 12 month low of GBX 167.10 and a 12 month high of GBX 347.00. The firm’s 50-day moving average is GBX 304.72 and its 200-day moving average is GBX 309.18.

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Glencore PLC Company Profile

Glencore plc is an integrated producer and marketer of commodities, such as metals and minerals, energy products, agricultural products and Corporate and other. The Metals and minerals segment is engaged in copper, zinc/lead, nickel, ferroalloys, alumina/aluminum and iron ore production and marketing.